look at this chart, it is like the one happened in feb, we are in deep oversold area.
we may bounce a bit from here, but will behave like last time?
however,the differences in backgrounds are:
1)yellen said, even consider the drop in feb , the valuation is still stretched for small firms, bio and social.
2)we are 3 months closer to rate increase.
we could fall further from here. |